While the e-commerce giant is fine, your partner hasn’t experienced the same fate.
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Amazon, Recognized for its accelerated growth last year, the company doesn’t always win. Heaven, a health subsidiary of the company Jeff Bezos will close its doors in partnership with Berkshire and JPMorgan.
In accordance with CNBCThe company announced to its employees on Monday January 4th that they would close in February. This company was founded with the goal of addressing one of the biggest problems facing businesses in the United States, “the high and rising costs of employee health care.”
The initiative ends with each of the three founding companies carrying out the projects separately with their own employees, eliminating the need for the joint venture, as explained CNBC.
An analysis by Blake Dodge in Business Insider, explains that the reasons for the company’s termination were a lack of vision and the need to address the diverse interests of the founding companies who have different needs. In addition, they never succeeded in replacing their CEO Atul Gawande, who stepped down in May 2020.